New IRS and Treasury guidance gives the clean energy industry more details on how developers and investors can meet the prevailing wage and apprenticeship requirements outlined in the tax-and-climate law.
To maximize the amount of some credits in the law, such as the clean hydrogen production credit and renewable energy production tax credit, companies will have to pay a certain wage and employ a specific number of apprentices. Meeting the requirements could increase the credit amount five-fold.
The guidance, the first under the Inflation Reduction Act, clarifies how the prevailing wage is determined, when the labor rules apply and ...
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